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Wakefield 01880
45 Morrison Rd W
$573,000
● House - Off Market

45 Morrison Rd W

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,426 Ft²
$1,051,750
RealtyHop Estimate
81.37%
Since Apr 1, 2015
MA-Boston
Primary Model

About This Property

A West Side Story....this multi level home seasoned with love & care awaits your decorating ideas.  Generous sized rooms with expansion possibilities in fourth Bedroom.  Fireplaces in both Living Room and Bonus Room.  Eat in Kitchen leading to formal Dining Room.  Three season porch overlooking backyard.  Ample closet space in Bedrooms.  Pull into the 2 car garage and let YOUR story begin here!
Unit Size
2,426 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$239
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71781662)

Price History

Date / Event Date Event Price
Mar 9, 2015 Sold
Premium
Sold
Jan 6, 2015 Listed by Barrett, Chris. J., REALTORS® $579,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,546
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,819
  • Total Building Area: 2,426
  • Gross Building Area: 4,632
  • Building Area: 2,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,426
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000547
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: SR

Geography

  • Account Number: 3105
  • District: 305
  • Parcel: WAKE M:000004 B:0171 P:000S15
  • Block: 171
  • Municipality: WAKEFIELD
  • Latitude: 42.5053
  • Longitude: -71.0915

    Address

  • Full Address: 45 Morrison Rd W
  • Address - House Number: 45
  • Street Segment Direction: W
  • Address - Street Name: Morrison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2149
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $991,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 963,743
  • High Value: 1,133,078
  • Low Value: 794,408

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $881,100
  • Assessed Land Value: $408,900
  • Assessed Improvements Value: $472,200

    Sales

  • Current Sale Recording Date: Mar 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 31785
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wakefield

Stats & Trends

Median Asking:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71781662

Frequently Asked Questions

When was property at 45 Morrison Road West built and last sold?
The property at 45 Morrison Road West was built in 1963 and last sold on Jan 1, 1970 for $573,000.
How much is this home worth?
The estimated value of the home located at 45 Morrison Road West is $611,958.
What are some comparable homes to 45 Morrison Road West?
There are currently no comparable homes to 45 Morrison Road West.
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